Junes lives in the Litein area of Kenya, which houses a campus of Mt. Kenya University. She has three children and has been doing this work for five years. Her primary income sources are milk, eggs, tea, crops. She has requested a loan of 60,000 KES from Juhudi Kilimo to help her construct a dairy unit.
She stated what is most enjoyable about farming: 'Farming!' Her biggest challenge is 'Animal diseases.' Animals on the farm have been given the names of 'Lelkina, tuyai, seroy.'
Junes was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'The interest rate is a bit lower when compared to other MFIs.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'That it offers assets apart from loan in cash form.'
Her highest monthly expense is farming costs. When asked 'How will this loan benefit your family?', Junes replied 'I will be in a position to pay school fees for my children.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Junes owns the following: 'cow, poultry, automobile' but does not own 'pig, pump, bicycle, motorcycle'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net, solar power' but does not have 'electricity, running water, sewing machine, TV, DVD'.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and send the data to a central online repository, thus reducing paper use, making the process more efficient, and keeping costs down.
To facilitate a partnership between Kiva and Juhudi Kilimo, K-Rep Group (Juhudi Kilimo’s 100% owner) has guaranteed Kiva funds in the event of institutional default. Lenders should be aware that the risk of borrower default remains borne by the lender.
About Juhudi Kilimo:
Juhudi Kilimo is a for-profit social enterprise working with small-holder farmers in Kenya to finance purchases of dairy cows, chickens, agricultural equipment, and other assets that create immediate cash flow. Many of the assets are insured to prevent devastating business losses, and targeted technical assistance is provided to farmers, from agricultural training to basic book keeping and local market research.